QNB expected to acquire majority stake in Turkey's Finansbank
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QNB expected to acquire majority stake in Turkey's Finansbank

QNB expected to acquire majority stake in Turkey's Finansbank

Analysts have said Qatar National Bank may seek to acquire one Turkey's top 10 lenders, Bloomberg has reported. "QNB wants a controlling stake in Turkey and there's no other bank than Finansbank at the moment where it could get that," Ovunc Gursoy, analyst at Yapi Kredi Yatirim Menkul Degerler, a broker owned by Italy's UniCredit, told the news service. "NBG could sell a majority stake due to its capital needs." Finansbank, owned by National Bank of Greece (NBG), is Turkey's eighth-biggest bank. "NBG could sell a majority stake due to its capital needs," said Gursoy.

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